Question 1159124
The value of a couch is decreasing at a rate of 6.2% each year, so only 93.8% of the value remains each year..... (100%-6.2%=93.8%)
93.8%=.938


7 years have passed from 2007 to 2014.......(2014-2007=7)


{{{V=1232(.938)^7}}}
The value is approximately $787.10 in 2014.